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“Forced sale” Valuations not enough to prove insolvency
by LawDotNews
Published 2010/02/03 12:00:00 AM (Viewed 659 times)

Sequestrating a debtor’s estate is a legitimate – and often powerful - method of debt-collection.


 

But, held the High Court recently, in proving that a debtor is factually insolvent, you cannot rely on a “forced sale” valuation of the debtor’s assets – they must be shown at “fair market value”. Make sure that your valuer is briefed accordingly, or your application will fail!




 
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